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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

CGX Energy Inc. is a Canada-based oil and gas exploration company. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.


TSXV:OYL - Post by User

Post by westcanprideon Apr 14, 2022 12:38pm
404 Views
Post# 34604201

Best guess: News release early next week

Best guess: News release early next weekLikely Tuesday, or Easter Monday if they want to catch some folks off guard (wouldn't suprise me). 

My reasoning... today's trading is interesting... more trading than normal, and more importantly everytime a big wall gets taken out, a new one magically appears (20-40k at a time)... or stink bids keep appearing. I think the end is nearing to this horrific plunge in share price. Hopefully we get something valuable released. 

I also like Oil Run's reference to the other CGX/Frontera staff. As useless as Suresh and De Alba have been, these other senior technical staff members should also have a spine I hope. You do not go and work for a tiny junior company like CGX (or even Frontera for that matter) without the hope of a massive pay day (something that Guyana offers). If these staff members cannot show courage to speak up and demand better actions/results from senior management, then they deserve to never find work again either IMO. Time for everyone in these two companies to show some resolve and demand better. 
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